‎US oil inventories jump by about 11M barrels last week: API

‎US oil inventories jump by about 11M barrels last week: API ‎US oil inventories jump by about 11M barrels last week: API

​‎

Oil tanks

Crude oil inventories in the US rose by 10.9 million barrels during the week ended Oct. 4, data from the American Petroleum Institute (API) showed.

Advertisement

Gasoline inventories fell by 557,000 barrels, and distillate inventories—which include diesel and heating oil—declined nearly 2.6 million barrels.

Meanwhile, Brent crude futures for December delivery fell 4.65%, or $3.75, to close at $77.18 a barrel on Oct. 8. WTI crude futures for November delivery fell 4.65%, or $3.57, to $73.57 a barrel.

 

Oil tanks

Crude oil inventories in the US rose by 10.9 million barrels during the week ended Oct. 4, data from the American Petroleum Institute (API) showed.

Gasoline inventories fell by 557,000 barrels, and distillate inventories—which include diesel and heating oil—declined nearly 2.6 million barrels.

Meanwhile, Brent crude futures for December delivery fell 4.65%, or $3.75, to close at $77.18 a barrel on Oct. 8. WTI crude futures for November delivery fell 4.65%, or $3.57, to $73.57 a barrel.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement